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Oil exploration firm: Huge Alaska deposit discovered (only 1.8 billion barrels)
Fox Business ^ | 4/09/20

Posted on 04/10/2020 10:44:45 AM PDT by Libloather

ANCHORAGE, Alaska - An oil exploration firm has discovered a deposit of potentially 1.8 billion barrels in Alaska's North Slope region south of Prudhoe Bay, the company said.

Pantheon Resources PLC said it located the deposit along the Dalton Highway and Trans-Alaska Pipeline System corridor, The Alaska Journal of Commerce reported Wednesday.

The London-based company made an updated evaluation of an old exploration well and used information gleaned from recent nearby drilling, officials said.

The prospect, called Talitha, could be the latest in a series of big North Slope oil discoveries over the past five years.

(Excerpt) Read more at foxbusiness.com ...


TOPICS: Business/Economy; Outdoors; Science; Travel
KEYWORDS: alaska; energy; gas; hydrocarbons; maga; oil; oildeposit; oildiscovery; opec; talitha
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“We are so advantaged because of our location, being able to be right there along the Dalton Highway,” Cheatham said.

Hook up a straw to the pipeline.

1 posted on 04/10/2020 10:44:45 AM PDT by Libloather
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To: Libloather

I drink your milkshake!


2 posted on 04/10/2020 10:48:15 AM PDT by HombreSecreto (The life of a repo man is always intense)
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To: Libloather

The protesters are going to have to work really hard to jam up the works on this one


3 posted on 04/10/2020 10:50:24 AM PDT by piasa (Attitude adjustments offered here free of charge.)
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To: Libloather

great location!


4 posted on 04/10/2020 10:56:26 AM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: Libloather

WFM! Drill baby drill!


5 posted on 04/10/2020 11:02:02 AM PDT by rktman ( #My2ndAmend! ----- Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?)
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To: piasa

They need something to keep the Alaska pipeline full enough to run. This should help.


6 posted on 04/10/2020 11:07:25 AM PDT by glorgau
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To: Libloather

Something to actually thank Russia for...


7 posted on 04/10/2020 11:30:04 AM PDT by jimmygrace
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To: jimmygrace

Can you imagine if we hadn’t gotten Alaska from the Russians?


8 posted on 04/10/2020 11:31:23 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: Libloather

Joe Biden is one of only five senators who were present in 1973 when Congress passed legislation authorizing construction of the trans-Alaska pipeline system (TAPS).

Biden, then 30, was the youngest member of the Senate and not a leader in the lengthy debate over the pipeline. But his voting record is striking - at least to an Alaskan interested in history.

Biden was a reliable “no” on TAPS. In July, when the Senate passed the Gravel-Stevens amendment allowing immediate construction of the line and precluding further judicial review, Biden voted no. The amendment passed after Vice President Spiro Agnew broke a 49-49 tie.

In November, Biden voted against final passage of the bill. The vote was 80-5, Biden one of the five.

(The above taken from the April 29, 2016 edition of the Anchorage Daily News)

My comment:
Imagine what our energy situation would have been like had that tie gone the other way. If memory serves, for a long time 30%+ of our domestic energy came via that pipeline.


9 posted on 04/10/2020 11:48:47 AM PDT by ChildOfThe60s (If you can remember the 60s........you weren't really there)
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To: dfwgator

1867 - March 30
U.S. purchase of Alaska ridiculed as “Seward’s Folly”
https://www.history.com/this-day-in-history/sewards-folly

Whose “folly” now, eh?


10 posted on 04/10/2020 11:49:16 AM PDT by RasterMaster ("Towering genius disdains a beaten path." - Abraham Lincoln)
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To: dfwgator
Can you imagine if we hadn’t gotten Alaska from the Russians?

It was a great deal.

I often wish we had gotten Baja California with the Gasden Purchase. It was very close.

But Santa Anna did not want to sell it, and the U.S. Senate would not have bought it...

11 posted on 04/10/2020 11:53:09 AM PDT by marktwain (President Trump and his supporters are the Resistance. His opponents are the Reactionaries.)
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To: RasterMaster

I am sure we would have had to invade Alaska in 1917, if we hadn’t bought it. We sent troops to Vladivostok as it was.


12 posted on 04/10/2020 11:55:00 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: Libloather

Doesn’t Alaska share the proceeds of the oil leases with their citizens getting a royalty check? How does one become eligible aside from moving to Alaska.?


13 posted on 04/10/2020 12:07:05 PM PDT by wildbill (The older I get, the less 'life in prison" means to me)
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To: Libloather

All that oil isn’t doing us any good when it’s selling for $18 a barrel. Our state finances are going to be in shambles before this is all over.


14 posted on 04/10/2020 12:08:07 PM PDT by AlaskaErik (In time of peace, prepare for war.)
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To: piasa
The protesters are going to have to work really hard to jam up the works on this one

The Caribou population is out of control and this will only make the situation worse !

15 posted on 04/10/2020 12:10:27 PM PDT by Timocrat (Ingnorantia non excusat)
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To: Libloather

Kinda funny here in Alaska there is no news of this.


16 posted on 04/10/2020 12:22:32 PM PDT by Daniel Ramsey (Thank YOU President Trump, finally we can do what America does best, to be the best)
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To: ChildOfThe60s

“Joe Biden is one of only five senators who were present in 1973 when Congress passed legislation authorizing construction of the trans-Alaska pipeline system (TAPS).”

And this was just before the OPEC oil embargo started in October 1973. Trump ought to hammer Biden on this in the upcoming debates (assuming the Democrats allow Joe to participate).


17 posted on 04/10/2020 12:47:57 PM PDT by riverdawg
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To: Libloather; cracker45; Tainan; Jet Jaguar; SENTINEL; redpoll; ArmyTeach; Eska; hattend; hosepipe; ..

Alaska Ping!

18 posted on 04/10/2020 1:01:36 PM PDT by KC_Lion
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To: Libloather

If the low oil prices continue the Permanent Fund dividend next year is going to paltry.


19 posted on 04/10/2020 1:07:57 PM PDT by Rebelbase
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To: Libloather

But ... that’s right in the middle of the habitat of the Tiny Hopping Cute Beaglebug. You can’t drill THERE!!!


20 posted on 04/10/2020 1:12:34 PM PDT by IronJack
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